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Licensed Italian Restaurant For Sale

South London,London,UK, ID 139692

Licensed Italian Restaurant  For Sale 1
Licensed Italian Restaurant  For Sale 1
Asking price:
GBP £55 000
Turnover (per year): £208 000 gbp
Owner
Owner's representative
179 business for sale

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Description

Open six days per week and holding a five-star hygiene rating. Double-fronted premises measuring approximately 600 sq. ft, equipped with CCTV comprising six cameras. Finished with wooden flooring and a plasterboard ceiling with spotlights and wall lighting. Customer waiting area. Tables and chairs providing seating for 70 people. Bar area with three beer pumps, under-counter fridges, freezer, ice machine, wash hand basin, glass washer, two-group coffee machine (on lease), coffee grinder (on lease), and mirror-backed shelving for spirits. Customer cloakroom with toilet and wash hand basin.

Separate kitchen fitted with a stainless-steel extractor, electric pizza oven, six-burner hob, oven, pasta kettle, double-basket deep fat fryer, microwave, two fridges, freezer, double sink with drainer, and stainless-steel preparation table. Stairs lead to the basement, which includes a walk-in fridge, walk-in freezer, gravity meat slicer, dough mixer, pizza preparation station and double sink. Office. Staff cloakroom with toilet and wash hand basin, along with a staff changing area.

Location: situated within a parade in an excellent main road trading position, serving a wealthy residential area in Surrey.

Turnover: the owner advises that current turnover averages £4,000 per week, with an approximate gross profit margin of 65%.

Staffing: the business is currently operated by two partners on a rotational basis, supported by three full-time and two part-time members of staff.

Price: £85,000 to include a secure renewable lease, goodwill, fixtures and fittings, plus stock at valuation. A substantial loan is available to an approved applicant.

Details

Real Estate: Lease
Employees (ppl): 9
Square m2: 55.74
Asking price: 55 000 gbp
Turnover (per year): 208 000 gbp

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